Qatar National Navigation & Transport Co Restructures Its
Organization to Focus on Core Sectors
21 June
2020
Qatar National Navigation &
Transport Company ‘Milaha’ announced its new strategy to restructure its
organization to tune up with the new strategy for serving its base
clientele in marine and logistic sectors and to further develop its
local business for the promotion of Qatar Vision 2030.
As part of the restructuring
process, Milaha is working on the establishment of new strategic sectors
being marine and technological services, which will supply the total and
integrated service for the owners of ships, industrial machineries and
transport operators to assist those achieving better quality assets and
reduce the total cost of their operations.
This sector will include: cruiser
ship management, freight agencies, ship maintenance dock and supply
service. It will also offer new service such as ship catering service.
Milaha will further merge trucks sales and marketing business with
maintenance of land assets i.e. trucks, cranes and fork lifters.
Milaha President and CEO, Mr.
Abdulrahman Issa Al Mannai said “We need to build on the solid
foundations we currently own in order to have a distinguished presence
in the marine service sector in the near future. We strive to meet the
requirements of ships owners and operators as well as land transport
companies and heavy machinery operators. This also comes in response to
the increased growth in the marine freight in Qatar, especially
following the launch of Hamad Port. The anticipated growth in the second
phase and the growth in the gas and oil sector, in the short run shapes
another motive for this restructuring”.
As part of the restructuring, the
current marine and logistic service sector will back up commerce and
avail practical solutions for integrated supply chain for commercial
clients through container cargo and logistic services. Milaha is
currently working to exit from travel agencies business and will
downsize its operations in industrial machinery and marketing
activities.
The restructuring will ultimately
focus on four out of five sectors being: marine and logistic service,
marine platform aid, gas & petrochemical and marine and technology. The
5th sector ‘Milaha Capital’ will be in charge of the
financial and real estate investments.
Mr. Al Mannai added “80% of our
current revenue comes from our base sectors and clientele. We intend to
build up entrepreneur market positions in these sector for the years to
come. The development of these capabilities locally will support for the
diversification of Qatar’s economy and boost its competitiveness which
will be reflected in Qatar Vision 2030.